On 24 November 2021, the European Parliament approved the final version of Directive 2021/2167 which addresses high levels of non-performing loans held by banks in the European Union (the NPL Directive).
The Directive has been under discussion since 2018. The accelerated legislative process to approve the Directive last November could have been triggered by the increase in the NPL ratio further exacerbated by the COVID-19 pandemic.
In brief, the NPL Directive works to expedite and regulate the development of a secondary NPL market in Europe through the authorisation and supervision of credit servicers.
You will find here a useful analysis of the Directive, published by Michael Schweiger, Partner & Attorney at Law in Loyens & Loeff office in Luxembourg.
Another year, another great collaboration with SmithNovak NPL Europe London, where we are proud sponsors! Looking forward to our annual meeting in London, to exchange insights and talk about the latest market trends. Our own Jarmo Kesanto, International Business Development Manager Relational FS, will go on stage to chat with other market experts at the “Collections Technology” […]
We are pleased to announce that Relational is becoming an Atlassian Solution Partner. This partnership is a result of the merger agreement between Cententia and Relational and follows the process of transferring all related activities and personnel of Cententia to Relational. Cententia has been an Atlassian Solution Partner since 2007, offering high-quality consulting & development […]
We are excited to announce that we are once again a proud sponsor of SmithNovak’s NPL Iberia Conference, taking place in Madrid on 29 November! We will be announcing our speakers soon, until then please check out our website for more info. More about the event here